Keywords: World Bank

There are more than 200 results, only the first 200 are displayed here.

  • ECONOMICS

    Climate change trillions

    • David James
    • 08 November 2021

    The Glasgow United Nations Climate Change Conference has been advertised as an effort to focus on sustainable environmental solutions. What got much less attention, if any, is that it is probably at least as much about having a sustainable financial system. Many noted that China, did not send its leader: Xi Jinping, president of the world’s greatest CO2 emitter. There was also another significant absence: the financiers who are hoping to profit from the trillions allocated into climate change projects.

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  • INTERNATIONAL

    In the shadow of SIEV-X

    • Binoy Kampmark
    • 01 November 2021
    26 Comments

    Two decades ago, an Indonesian vessel given the name SIEV X sank with loss of life that should have caused a flood of tears and a surge of compassion. Instead of being seen in humanitarian terms, the deaths of 353 people became a form of rich political capital, placed in the bank of opportunism to be amortised at a federal election.

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  • ARTS AND CULTURE

    Climactic events in Royal Park

    • Andrew Hamilton
    • 26 October 2021
    2 Comments

    These weekday mornings all is quiet. / I stroll across the highway, / a piddle of cars in the outbound lane, / a puddle at the distant lights. / Along the parkland trail / cowled figures walk alone, / measuring their distance. / From the rise above the railway cutting / Macedon stands burly in the smoke-free air.

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  • ECONOMICS

    A strange financial circus

    • David James
    • 12 October 2021
    3 Comments

    Over the last two years, money printing has created the illusion of strength in savings. But when reality resurfaces, and actual returns are required from actual economic and business activity, the global financial system will come under extreme stress. 

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  • ECONOMICS

    The battle for the future of money

    • David James
    • 07 September 2021
    4 Comments

    There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’. 

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  • ECONOMICS

    Why inflation isn't higher

    • David James
    • 12 August 2021
    4 Comments

    The biggest mystery of the financial markets is why, when the monetary authorities have been printing money with their ears pinned back, is inflation for the most part not a problem? What happens with inflation is crucial to the short-term survival of the whole system. Global debt, which is running at well over 300 per cent of global GDP, is only sustainable because interest rates are exceptionally low (the base rate in Australia is only 0.1 per cent). And interest rates are low because inflation is not a problem.

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  • ECONOMICS

    Why corporatism, not capitalism, is the root of social harm

    • David James
    • 06 July 2021
    16 Comments

    There really is no such thing as ‘capitalism’ — or rather there are so many capitalisms that the word is altogether too imprecise to be useful. A much better term to identify the problems, even evils, of modern developed economies is ‘corporatism’. This can be precisely identified and its transgressions and general harm are getting worse.

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  • ENVIRONMENT

    The true quiet Australians

    • Brian Matthews
    • 03 June 2021
    6 Comments

    Red gum, this ‘smooth-barked large tree that gives watercourses all over Australia their Australian feel’, seemed intent on bobbing up in my life one way or another, sometimes as a result of sheer luck or coincidence.

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  • INTERNATIONAL

    Truth lies at the heart of communication

    • Andrew Hamilton
    • 13 May 2021
    10 Comments

    There are larger and unchanging questions about why we communicate and about the effect of our communications on the way we live. World Communications Day is an opportunity to think about these basic questions.

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  • ECONOMICS

    The economy is never as good as it looks and never as bad as it seems

    • David James
    • 04 May 2021
    2 Comments

    But although the Coalition will never admit it, it looks suspiciously like there has been some bipartisan institutional learning about how to manage financial crises. If you want to stimulate an economy in times of crisis put the money directly into the economy, either into people’s pockets or to businesses who then pass it on to workers.

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  • ENVIRONMENT

    Climate crisis, displacement and solidarity

    • Stephen Minas
    • 13 April 2021
    2 Comments

    On 30 March, the Holy See engaged with an important aspect of displacement with the publication of its ‘Pastoral Orientations on Climate Displaced People’. The intersection between climate change and human displacement is a still emerging area of concern. Nevertheless, we know that climate change is already a factor in various forms of human mobility.

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  • ECONOMICS

    When economic policy transcends political division

    • David James
    • 08 April 2021
    5 Comments

    It is one of the ironies of Australian political history that a policy that has profoundly benefited this country’s version of capitalism came, not from the right, but from the Labor party and unions. The mandating of superannuation payments in 1992 under the Keating government has profoundly changed Australia’s financial system.

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